In the long run a company must price its product to cover, Financial Accounting

+44 141 628 6080
[email protected]

In the long run a company must price its product to cover

In the long run, a company must price its product to cover its costs and earn a reasonable profit. But to price its product appropriately, it must have a good understanding of market forces at work. In most cases, a company does not set the prices. Instead, the price is set by the competitive market (the laws of supply and demand).

Please explain what this means and how it affects management's decisions on product pricing.

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: In the long run a company must price its product to cover

Reference No:- TGS01598026

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What is the difference between direct and indirect democracy

What is the difference between direct and indirect democracy? Think about the last time you voted in a government election (in any country, at any level)

Discuss legal provision for paid menstrual leave in japan

Question: How to respond to this There's a legal provision for paid menstrual leave in Japan, South Korea, Indonesia, and a few other countries.

Provide thorough and efficient system of public education

The topic of increasing the local tax efforts on school district residents to support the schools has been discussed for years,

What reforms was not performed by director james lee witt

Problem: Select all that apply. Which of the following reforms was not performed by Director James Lee Witt?

Need for a change in the legal environment

To which government branch would it be most effective to turn for addressing the need for a change in the legal environment?

What when talking about al qaeda and hezbollah

When talking about Al Qaeda and Hezbollah, we are talking about a group that conducts operation in different parts of the word to push

Types of government from highest to lowest levels of citizen

Question: Order the following types of government from highest to lowest levels of citizen influence. Question options

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: In the long run a company must price its product to cover

Reference No:- TGS01598026

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : Which suppliers of funds typically bear the greatest risk

Q : Brett spelling was hired during january 2014 to manage the

Q : An owner of an automobile body shop comes into your office

Q : Master fab inc is considering an investment in equipment

Q : In the long run a company must price its product to cover

Q : P company owns 80 of the outstanding stock of s company on

Q : When the implied book value exceeds the book values of

Q : The difference between the implied value and the book value

Q : Perkins company owns 85 of sheraton company perkins company